Saturday, July 07, 2018

UN Green Fund Implodes

The UN’s flagship climate finance initiative had a public setback this week.  What went wrong, what are the political implications and what happens next?

Political disputes are holding up finance to communities vulnerable to climate change (Picture  Credit: UNICEF Ethiopia/2016/Mulugeta Ayene) Click to Enlarge.
The Green Climate Fund has muddled through many a tense board meeting, but talks on how to refill the pot defied resolution this week.

Things were looking “toxic and dysfunctional” to US representative Geoffrey Okamoto on day two and collapsed without agreement on key decisions come Wednesday.  Oh, and top official Howard Bamsey resigned.

It is a major blow to climate cooperation in a critical year.  Here are eight takeaways from the wreckage.

Read more at UN Green Fund Implodes

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